Offer Loan definition
Examples of Offer Loan in a sentence
In addition, until such time as the Equity Event shall have occurred, the Offer Loan Commitments shall be automatically reduced by an amount equal to the net proceeds of any issuance or disposition or any payment to TUC, in each case described in Section 2.11(d), with such reduction to be effective on the later to occur of the date of such issuance, sale or payment, as the case may be, and the date specified under Section 2.11(d) for any related prepayment or repayment of the Offer Loans.
Any (i) principal amount of any Offer Loan repaid or prepaid at any time and not refinanced on the date of such repayment or prepayment (as the case may be) with the proceeds of another Offer Loan and (ii) any principal amount of any Loan repaid or prepaid or on or after the last day of the Revolving Period may not, in either case, be reborrowed.
Upon at least two (2) Business Days' notice to the Administrative Agent, ----- the Borrowers may prepay any Base Rate Loan which is a Tender Offer Loan or a Term Loan, in whole or in part.
No Lender shall be responsible for any failure by any other Lender to perform its obligation to make any Tender Offer Loan hereunder nor shall the Tender Offer Loan Commitment of any Lender be increased or decreased as a result of any such failure.
Notwithstanding the availability of such funds, the Purchaser may elect to utilize funds from the Tender Offer Loan to purchase BACs pursuant to the Offer.
At any time that the Tender Offer --------------------- Loan exceeds the lesser of (x) the Tender Offer Loan Commitments for all Lenders and (y) the Maximum Loan Amount, Borrower shall immediately repay the Tender Offer Loan to the extent necessary to reduce the principal balance to an amount equal to or less than the lesser of (x) the Tender Offer Loan Commitments for all Lenders and (y) the Maximum Loan Amount.
Each Tender Offer Loan Lender shall deposit, on the Tender Offer Funding Date, an amount equal to its Pro Rata Share of the Tender Offer Loans with the Administrative Agent at its office in New York, New York, in immediately available funds.
No Tender Offer Loan Advance shall be a LIBOR Rate Loan if less than thirty (30) days are remaining until the Termination Date.
All Tender Offer Loans shall be made by the Tender Offer Loan Lenders on the Tender Offer Funding Date simultaneously and proportionately to their respective Pro Rata Shares.
Each Tender ----------------------------------------- Offer Loan Advance shall be evidenced by this Agreement, the Tender Offer Note, and notations made from time to time by Agent in its books and records, including computer records.